Notification Detail :
RBI/DCM/2024-25/115
DCM (FNVD)/G4/16.01.05/2024-25
April 01, 2024
The Chairman / Managing Director / Chief Executive Officer
All Banks
Madam / Dear Sir,
Master Direction on Counterfeit Notes, 2024 – Detection, Reporting and Monitoring
The Reserve Bank of India (RBI) has, from time to time, issued several guidelines / instructions / directives to the banks on Counterfeit Notes.
2. A Master Direction incorporating and updating the extant guidelines / instructions / directives on the subject has been prepared to enable banks to have all current instructions on Counterfeit Notes at one place for reference.
3. This Direction has been issued in exercise of powers conferred upon RBI under Section 35A and Section 56 of the Banking Regulation Act, 1949.
Yours faithfully,
(Sanjeev Prakash)
Chief General Manager
Encl: As above
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